“We just handed China a double victory,” said one former US official. “American politics is dysfunctional, and America has no economic agenda for Asia.”
https://www.ft.com/content/d124ee69-dc6e-4a84-b18a-26a39235ab11
5 replies (most recent on top)
@wxk+1pB1Tpyx Seriously. It's hilarious to see bunch of NPCs make brain dead assumption that Biden, his cabinet or the US government in general will help this deal go through without ever stopping and thinking "why"? Can anyone tell me why they would?
I just don't see Joe Biden supporting the Hock Tan 'private equity' business model that historically cut jobs in America. Nobody in the Biden administration will come to the rescue of AVGO or Micheal Dell and his PE mercenary business partners.
Biden unveiled the IPEF as a new approach to trade — not a traditional deal to lower tariffs and boost market access for all countries, but a deal to use common standards on everything from clean energy to digital transactions. The goal is to counter China's influence in the region.
https://archive.ph/kySyV
What does this mean for China?
Why is it a positive thing for China?